As a follow-up to our recent post on tenant retention, it's important to delve deeper into what makes a positive tenant-landlord relationship. Strong relationships between tenants and landlords are the foundation for long-term success in property management. Creating a welcom...
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The Role of Property Management in Tenant Retention
By EJF Rentals Friday, September 20, 2024
Tenant retention is a critical aspect of property management, directly affecting a property’s profitability and long-term success. A high turnover rate can lead to vacancies, increased marketing costs, and the hassle of finding new tenants. However, a skilled property manag...
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Owning a rental property can be a profitable investment, but standing out in a competitive market requires effort. Making your property more attractive to potential tenants can increase occupancy rates and allow you to command higher rent. Here are some key strategies to make you...
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Tenant Insurance and Why a Landlord Must Require It
By EJF Rentals Thursday, August 22, 2024
As a landlord, one of your primary responsibilities is to ensure the safety and security of your rental property. While you may have insurance coverage for the building itself, it’s equally important to consider the protection of your tenants’ personal belongings and ...
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The Importance of the Move-Out Inspection for Property Owners
By EJF Rentals Thursday, August 22, 2024
As a property owner, maintaining the condition and value of your rental property is crucial. One key process that helps achieve this is the move-out inspection. This essential step ensures that the property remains in excellent condition between tenants and can prevent potential ...
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In the fast-paced world of real estate, technology continues to revolutionize the way properties are marketed and leased. One of the most transformative innovations in recent years is the virtual tour. By allowing prospective tenants to explore properties from the comfort of...
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The Importance of a Pre-Move-In Inspection for Property Owners
By EJF Rentals Friday, August 9, 2024
As a property owner, renting out your space can be a rewarding investment, but it also comes with responsibilities. One of the most critical steps in the rental process is conducting a thorough pre-move-in inspection. This inspection not only protects your property but also sets ...
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Doing Your Own Maintenance on Your Rental Unit: The Pros and Cons The Pros of DIY Maintenance
By EJF Rentals Friday, August 2, 2024
Performing maintenance on your rental unit yourself can offer immediate cost savings. By doing the work yourself, you avoid paying labor costs and the fees charged by property managers or professional maintenance companies. Additionally, you have complete control over the quality...
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The Importance of Maintaining a Pest-Free Rental Property
By EJF Rentals Friday, July 26, 2024
As a property owner who rents out units, maintaining a pest-free environment is crucial for the health, safety, and satisfaction of your tenants. Ensuring that your rental property is free from pests not only protects your investment but also enhances tenant retention and attract...
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Considering Selling Your Tenant-Occupied Property? Here's A Preliminary Guide for Owners
By EJF Rentals Wednesday, July 24, 2024
Selling a tenant-occupied rental property in D.C. is an involved, complex process. With careful planning and communication, you can achieve success. Here’s a step-by-step guide to help property owners determine how best to navigate this situation effectively and whether it ...
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